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October 27, 2012

iPhone sales grow 58%,iPad sales exceed 14million in Q3,2012




The iPhone  sales machine does not show any drastic signs of slowing down as  results from Apple's Q3,2012  sales report shows that it has sold 26.9 million iPhones, up 58% from the year-earlier period and above analyst predictions of between 24 million and 26 million. The quarter, which ended Sept. 29, included about a week of sales of Apple's new iPhone 5. Apple sold 14 million iPads, up 26% from last year but below many estimates.


The iPad grew shipments at 26% y/y but “sales” as measured by sell-through were up 44%.
Overall, the company's revenue rose 27% in the quarter ending in September, while profit rose 24%. But the iPhone numbers, slightly higher than analysts were expected, weren't enough for investors to cheer. Also weighing on them: lower-than-expected iPad sales and concerns about the company's profit margins. Apple issued revenue guidance for the quarter ending in December of $52 billion, about $3 billion below analysts' expectations.